Friday, September 26, 2008

Boom, boom, boom. Bust, bust, bust.

Stand by for Black Monday

The City is bracing itself for a "Black Monday" meltdown after President Bush admitted he had failed to land a bank bail-out deal. Senior market figures said the FTSE-100 could fall by between 600 and 1,000 points when the stock market opens next week if no deal is forthcoming. George Bush confirmed that he had not yet been able to persuade senior Republicans to back his $700 billion rescue plan.

Posted by dohousescrashinthewoods @ 09:44 PM (975 views)
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4 thoughts on “Boom, boom, boom. Bust, bust, bust.

  • The dam is bursting, can you swim?

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  • Expect a weekend announcement for yet another delay…………. OR…………….. The way has been prepared for the shock.

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  • it_is_going_with_a_bang says:

    “Bryan Johnston, investment director at brokers Bell Lawrie, said: “If Paulson’s plan fails we will see a collapse in the markets and taxpayers will effectively pick up the tab.”
    “However, nothing is certain anymore and if it did fail, we could see 1000 point falls on the FTSE on Monday and we would be out of a job while the banking system would freeze up completely.”

    My heart bleeds that a stockbroker would be facing such a terrible thing as “reality”. The fix for this all is for the tax payer to foot the bill. Whilst the ‘brokers’ have been filling their boots with money.
    I hope they feel and live life as everyone else has to instead of up the clouds.

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  • Bush is desperate for it to go through, McCain says it doesn’t enjoy the confidnce of the American people. Something smells. Good cop bad cop?

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